Community Living

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

26 May 2025

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

22 May 2025

Opinion

Scape - the disruptor that will turn the retirement living sector on its head

“As we think about senior housing, that sector in itself is too fragmented and it needs a bit of leadership from someone to kind of disrupt,” Stephen Gaitanos, co-founder, Managing Director and Group CEO of Scape Australia told Mingtiandi’s...

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Ian Horswill

27 May 2025

Mergers & Acquisitions

Parties interested in buying Keyton’s Western Australian retirement villages in due diligence

The leading retirement village operator’s decision to sell its entire portfolio of 10 retirement villages in Western Australia was made in September last year. “They are still on the market with interested parties doing due diligence. That’s all we can say at this point,“ said Keyton spokesperson.

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Ian Horswill

26 May 2025

Sector Moves & People

Land lease operator GemLife eyes $700M+ raise at $2B valuation

GemLife’s bankers, JPMorgan, Morgan Stanley and Highbury Partnership, took about two dozen fund managers through four sites in Queensland on Monday and Tuesday last week, ahead of a non-deal roadshow planned for Asia this week as the business...

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Ian Horswill

26 May 2025

Mergers & Acquisitions

Lendlease may have nibble for its 25% stake in village operator Keyton

The builder and developer, which has been under shareholder pressure to sell its remaining 25.1% stake in the retirement village operator for at least three years, is reported to have received a handful of approaches to buy it, according to The Australian.

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Ian Horswill

26 May 2025

Awards

Corporate Leadership finalists vying for Future Leader of the Year at National Retirement Living Summit

The Future Leader of the Year award at the Retirement Living Council’s annual National Retirement Living Summit, which take places in Brisbane from 18-20 June, is highly coveted. It recognises outstanding young professionals (35 years or under) in...

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Ian Horswill

26 May 2025

Mergers & Acquisitions

Legal & General acquires 75% stake in owner of land lease operator Vantage

Vantage is AVID Property Group’s land lease community brand, which has marked its first year in the burgeoning sector. AVID spent $284.5 million to buy eight Living Gems communities to announce the brand in March last year, adding it had earmarked...

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Ian Horswill

26 May 2025

Development

SATURDAY means business: Warning for retirement village operators with small regional aged care homes

Stephen Rooke (pictured top), Principal Consultant with advisory firm G5 Strategic, puts it bluntly about building a new residential aged care home in the 99th issue of SATURDAY magazine, released to subscribers last Friday.

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Ian Horswill

26 May 2025

Development

NSW Court approves ex-One Nation director’s plan to convert family home into retirement village

A family home bought by David Oldfield for $1.89 million in 2011 can be turned into a $17.5 million 35-home retirement village in Belrose, 19km northeast of Sydney’s CBD, after his appeal to the Land and Environment Court was successful. In February...

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Ian Horswill

26 May 2025

Development

Vivacity’s bid to build $28M 254-home land lease community in Maitland, NSW, deferred

Maitland City Council officers had recommended the Sydney-based land lease community developer and operator’s proposal for a manufactured home estate in Farley, which is being redeveloped into a residential suburb of Maitland, be refused. The...

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Ian Horswill

26 May 2025

Development

Adrian Puljich’s Aliria brand has approval for two more land lease sites with 416 homes

Construction will start on the first of two new over-50s communities in Toowoomba, southern Queensland’s Darling downs region, in the second half of 2025, after they received development approval from Toowoomba Regional Council last week. Both are...

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Ian Horswill

26 May 2025

News & Issues

Villages evacuated, isolated, without power as floods hit NSW Mid North Coast

70 seniors from a flooded over 55s retirement village on the NSW Mid North Coast had to be evacuated by the SES, Volunteer Rescue Association (VRA) and local fire fighters at Taree with their units inundated with water.

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Ian Horswill

27 May 2025